President Bola Tinubu has announced a 50 per cent cut in the fares charges by commercial buses on inter-state routes during the Yuletide.
Minister of Solid Minerals, Mr Dele Alake who announced the development on Wednesday, noted that all train routes are free beginning from Thursday December 21st 2023 to 4th January 2024.
He also explained that air transportation was exempted as it was for privileged individuals, stressing that the initiative was a presidential intervention on public transportation targeted at the masses.
The minister said the gesture was in the spirit of Christmas and the end of year festivities.
Alake said, “President Bola Tinubu, in another demonstration of his love for Nigerians, has approved that the Federal Government should intervene to bring down the cost of public transportation to allow our compatriots who want to travel to visit their loved ones and hometowns to do so without stress and the extra burden imposed by the high cost of transport around this period.
“The President is well aware of the recent increase in cost of inter-state transportation and even for air travel. Traditionally, our people love to travel during Christmas and end of year to be with families and friends and this has been the practice for ages.
“We also know that globally, intra-country travels and movement of people, goods and services always peak around Christmas and end of the year because of socio-gravitational pull of the period which transporters always cash on to increase fares astronomically.”
Will the government subsidize this based on arrangement with the bus owners. Pls clarify